PowerPlant collects $330m for third fund, expands focus beyond plant-based food

Based in Los Angeles and the San Francisco Bay Area, PowerPlant focuses mainly on plant-based consumer food and beverage brands.

  • PPV Fund III will invest between $15m and $40m in target companies
  • PowerPlant Partners is expanding its investment focus to include consumer technology, service and enablement companies “that put human and planetary life at the center of business”
  • PPV Fund III’s investments include Miyoko’s Creamery and Liquid Death

PowerPlant Partners has closed its third fund at $330 million.

Based in Los Angeles and the San Francisco Bay Area, PowerPlant backs plant-based consumer food and beverage brands.

PPV Fund III will invest between $15 million and $40 million in target companies as active, primarily minority, investors.

Additionally, PowerPlant Partners is expanding its investment focus beyond food and beverage plant-centric products to include consumer technology, service and enablement companies “that put human and planetary life at the center of business.”

“We are thrilled to receive such strong support and commitment from our limited partners, especially during a period of increased market volatility,” Dan Gluck, a co-managing partner of PowerPlant Partners, said in a statement. “This new fund will allow us to deepen and grow our efforts to find, fund and scale breakthrough companies that are building a healthier, more sustainable future.”

PPV Fund III has already made four investments in health and sustainable consumer food and beverage companies, including Miyoko’s Creamery, Liquid Death, Partake Brewing and SYSTM Foods, a roll-up strategy that acquired and combined Chameleon Cold-Brew and REBBL.